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    Recycled Carbon Fiber Market

    ID: MRFR/CnM/8168-CR
    100 Pages
    Anshula Mandaokar
    October 2022

    Recycled carbon fiber Market Research Report Information By Type (Non-Oven Mats, Milled carbon fiber, Chopped carbon fiber) End-Use Industry (Automotive, Consumer goods and electronics, Industrial, Aerospace and Defense, Sporting Goods , Wind Energy , Others) : Global Opportunity Analysis and Industry Forecast, 2025 - 2035

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    Recycled Carbon Fiber Market Infographic
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    Recycled Carbon Fiber Market Summary

    As per Market Research Future Analysis, the global recycled carbon fiber market was valued at USD 13,129.5 million in 2021 and is projected to reach USD 36,733.9 million by 2030, growing at a CAGR of 12.77%. The market is driven by increasing demand for lightweight materials in the automotive and aerospace industries, alongside growing environmental regulations. However, the preference for virgin carbon fibers in high-end applications poses a restraint. The COVID-19 pandemic has disrupted supply chains, affecting production. Opportunities exist in the rising adoption of eco-friendly materials, supported by regulations like the EU's End of Life Vehicles Directive. The market is segmented by type, end-use industry, and region, with Asia-Pacific holding the largest market share in 2021.

    Key Market Trends & Highlights

    The recycled carbon fiber market is witnessing significant growth driven by various factors.

    • Market Value in 2021: USD 13,129.5 million; Projected Value by 2030: USD 36,733.9 million.
    • CAGR of 12.77% from 2021 to 2030.
    • Asia-Pacific accounted for the largest market share in 2021, driven by industrialization in China and India.
    • COVID-19 pandemic caused major disruptions in supply chains, impacting production.

    Market Size & Forecast

    2021 Market Size USD 13,129.5 million
    2030 Market Size USD 36,733.9 million
    CAGR 12.77%

    Major Players

    SGL Carbon (Germany), Sigmatex (UK), Teijin Limited (Japan), ZOLTEK Corporation (US), ELG Carbon Fibre Ltd (UK)

    Recycled Carbon Fiber Market Drivers

    Market Growth Projections

    The Global Recycled Carbon Fiber Market Industry is poised for substantial growth, with projections indicating a market size of 16.3 USD Billion in 2024 and an anticipated increase to 67.0 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 13.7% from 2025 to 2035. Such figures highlight the increasing recognition of recycled carbon fiber as a valuable resource in various applications, driven by sustainability initiatives and technological advancements. The market's expansion reflects broader trends toward circular economy practices and the integration of recycled materials into mainstream manufacturing processes.

    Growing Demand for Sustainable Materials

    The Global Recycled Carbon Fiber Market Industry experiences a surge in demand for sustainable materials across various sectors, including automotive and aerospace. As industries strive to reduce their carbon footprint, recycled carbon fiber emerges as a viable alternative to virgin materials. In 2024, the market is projected to reach 16.3 USD Billion, reflecting a growing awareness of environmental issues. Companies are increasingly adopting recycled carbon fiber to meet regulatory requirements and consumer preferences for eco-friendly products. This trend is likely to accelerate as more organizations commit to sustainability goals, thereby driving the growth of the Global Recycled Carbon Fiber Market Industry.

    Regulatory Support for Recycling Initiatives

    Government policies and regulations play a crucial role in promoting the use of recycled materials, including carbon fiber. The Global Recycled Carbon Fiber Market Industry benefits from initiatives aimed at reducing waste and encouraging recycling practices. Various countries are implementing stricter regulations on waste management and incentivizing the use of recycled materials in manufacturing processes. This regulatory support not only fosters a favorable environment for the growth of recycled carbon fiber but also aligns with global sustainability goals. As these policies evolve, they are likely to enhance the market's potential, contributing to a projected CAGR of 13.7% from 2025 to 2035.

    Technological Advancements in Recycling Processes

    Innovations in recycling technologies significantly enhance the efficiency and quality of recycled carbon fiber production. The Global Recycled Carbon Fiber Market Industry benefits from advancements such as improved separation techniques and enhanced processing methods, which increase the yield of high-quality recycled fibers. These technological improvements not only reduce production costs but also expand the range of applications for recycled carbon fiber. As a result, industries such as automotive and construction are increasingly integrating these materials into their products. The ongoing development of recycling technologies suggests a robust future for the Global Recycled Carbon Fiber Market Industry, potentially contributing to its projected growth to 67.0 USD Billion by 2035.

    Increasing Applications in Automotive and Aerospace Industries

    The automotive and aerospace sectors are increasingly adopting recycled carbon fiber due to its lightweight and high-strength properties. The Global Recycled Carbon Fiber Market Industry is witnessing a rise in applications such as structural components, interior parts, and exterior panels. As manufacturers seek to improve fuel efficiency and reduce emissions, the demand for lightweight materials becomes paramount. Recycled carbon fiber offers a sustainable solution that meets these requirements. The growing emphasis on performance and sustainability in these industries is likely to drive the market forward, further solidifying the position of recycled carbon fiber as a key material in the Global Recycled Carbon Fiber Market Industry.

    Rising Consumer Awareness and Preference for Eco-Friendly Products

    Consumer awareness regarding environmental sustainability is on the rise, influencing purchasing decisions across various sectors. The Global Recycled Carbon Fiber Market Industry is benefiting from this shift, as consumers increasingly prefer products made from recycled materials. This trend is particularly evident in sectors such as fashion, automotive, and consumer goods, where brands are responding to consumer demand for eco-friendly alternatives. Companies that incorporate recycled carbon fiber into their products not only enhance their brand image but also tap into a growing market segment. This consumer-driven demand is expected to propel the growth of the Global Recycled Carbon Fiber Market Industry in the coming years.

    Key Companies in the Recycled Carbon Fiber Market market include

    Industry Developments

    In June 2024, Orion Infrastructure Capital injected USD 25 million into the Carbon Revolution. The company is also looking to use the funding amount to cater to the increasing demand for lightweight carbon fiber automotive wheels.

    In May 2024, Jilin Chemical Fiber signed a cooperation agreement with Comac, which is a subsidiary of the Commercial Aircraft Corporation of China, China, on the development of composite material for aircraft.

    In May 2024, Intel collaborated with fourteen Japanese organizations, such as Omron, Yamaha Motor, Resonac and Shin-Etsu Polymer, on the development of automated backend processes for carbon fiber production.

    In April 2024, Venture capital round raised 34 million USD for Spectral AI, for asset acquisition along with scaling up their operations globally for Hyperion Elite 4 performance running shoe and next-gen carbon fibre bicycle spokes.

    In March 2024, Jindal Advanced Materials entered into a partnership with MAE for the establishment of the carbon fibre production plant 3,500 metric ton.

    In February 2024, Thermolysis introduced a fully recyclable product at JEC World, which includes the use of recycled carbon fibers. Started the Recycled Carbon Fibres brand for the complete recycling of carbon fibres with the goal of zero waste. This assists in the manufacturing of bicycle parts like fenders, light stands, shoes boards, seats, pads, and bottle cages using recycled carbon fibres. These products have great mechanical strength characteristics and light weight qualities.

    In October 2023, McLaren announced the deployment of Oscar Piastri Cars and Lando Norris alongside a trial of the first-ever recycled carbon fiber ahead of the United States Grand Prix. This announcement is meant for the benefit of the environment as well as the reduction of carbon emissions.

    In July 2023, the wind turbine materials recycling competition was initiated in the United States by the Energy Department. Almost all of the materials, including fiberglass and carbon fiber, in wind turbines, can be recycled and reused at a reasonable cost.

    Future Outlook

    Recycled Carbon Fiber Market Future Outlook

    The Global Recycled Carbon Fiber Market is projected to grow at a 13.7% CAGR from 2024 to 2035, driven by increasing sustainability initiatives and demand in automotive and aerospace sectors.

    New opportunities lie in:

    • Develop advanced recycling technologies to enhance fiber quality and reduce costs.
    • Expand applications in emerging industries, such as renewable energy and construction.
    • Form strategic partnerships with automotive manufacturers to integrate recycled carbon fiber into new models.

    By 2035, the market is expected to be robust, reflecting a strong commitment to sustainability and innovation.

    Report Scope

    Report Attribute/Metric Details
      Market Size    2030: USD 36,733.9 million
      CAGR    12.77% CAGR (2022-2030)
      Base Year    2021
      Forecast Period    2022-2030
      Historical Data    2019-2020
      Forecast Units    Value (USD Million)
      Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Type and End Use
      Geographies Covered   North America ,Europe, Asia-Pacific,South America, Middle East & Africa
      Key Vendors   SGL Carbon (Germany), Sigmatex (UK), Teijin Limited (Japan), ZOLTEK Corporation (US), and ELG Carbon Fibre Ltd (UK)
      Key Market Opportunities   Rising adoption of recyclable and eco-friendly materials in diverse end-use industries
      Key Market Drivers   Increasing demand for lightweight material in automotive and aerospace and defense industries

    Market Highlights

    Author
    Anshula Mandaokar
    Team Lead - Research

    Anshula Mandaokar holds an academic degree in Chemical Engineering and has been contributing to the field for more than 5 years. She has expertise in Market Research and Business Consulting and serves as a Team Lead for a reputed Market Research firm under the Chemicals and Materials domain spectrum. She has worked on multiple projects, generating explicit results in a quick turnaround time. Her understanding of data interpretation justifies her role as a leader.

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    FAQs

    What growth rate Global Recycled carbon fiber Market would register in the future?

    The global recycled carbon fiber market would register a growth of 12.77%.

    Which industry will play a crucial role in taking the Recycled carbon fiber market ahead?

    Automotive industry, will play a crucial role in taking the Recycled carbon fiber market ahead.

    What is the key restraining factor for the global Recycled carbon fiber market?

    Preference for virgin carbon fibers in high-end applications, is the key restraining factor for the global recycled carbon fiber market.

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